Ripple’s Initial Public Offering discussion started about two years ago. Particularly, before the class action lawsuit filed against the cross-border payments firm in December 2022 by the United States Securities and Exchange Commission (SEC).
Although the lawsuit isn’t over yet, many are suggesting that Ripple would go public very soon, making them weigh up the benefit it could bring to Ripple as a payment firm and XRP as a digital asset.
Read Also: Ripple Lawyer Moves to Withdraw as Counsel in XRP Lawsuit, But No Cause for Alarm. Here’s why
Ripple’s IPO Should Come When XRP is Low-priced
Linda Jones, a veteran financial analyst, recently shared her opinion on Ripple’s initial public offering. According to Linda, it would be more beneficial for the IPO to play out when the price of the digital token XRP is still low.
Explaining the reason for her opinion, the analyst said a low XRP price will prevent a too high market capitalization. She, thereby clamored for the IPO to take place as soon as the lawsuit is over, believing that XRP will start its parabolic price movement once the lawsuit is over.
Linda Jones tweeted, “I’ve thought about it and concluded that it makes sense to have an IPO when XRP is low-priced. When XRP is worth more, it will make the market cap too high, so the sooner after the lawsuit is over the better.”
I've thought about it and concluded that it makes sense to have an IPO when XRP is low-priced. When XRP is worth more, it will make the market cap too high, so the sooner after the lawsuit is over the better. https://t.co/mq37f3jbJC
— Linda P. Jones (@LindaPJones) June 1, 2023
John Deaton Lawsuit: A Blessing in Disguise for Ripple
In a similar tweet on the 1st of June, attorney John Deaton, the lawyer representing XRP holders in the ongoing lawsuit, stressed the huge benefit that victory in the lingering lawsuit would bring to Ripple and XRP.
Read Also: Gym Positivity CEO Declares Support for Ripple and XRP. Here’s what he said
According to Deaton, if the judge finally rules that the ongoing and future sales of XRP are not securities, the case will end up becoming a blessing for the US-based cross-border payments firm.
Linda Jones noted, “If Ripple wins the SEC lawsuit or gets the functional equivalent of a slap on the wrist, along with a ruling that ongoing and future sales of XRP are not securities, the lawsuit will prove a blessing in disguise for Ripple.”
If @Ripple wins the SEC lawsuit or gets the functional equivalent of a slap on the wrist, along with a ruling that ongoing and future sales of #XRP are not securities, the lawsuit will prove a blessing in disguise for Ripple. https://t.co/ZJePtSaBAk
— John E Deaton (@JohnEDeaton1) June 1, 2023
Follow us on Twitter, Facebook, Telegram, and Google News
